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Stock Incentive and Purchase Plans (Tables)
12 Months Ended
Apr. 26, 2013
Stock Incentive and Purchase Plans [Abstract]  
Allocation of Share-Based Compensation Costs by Expense Category

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

52 Weeks Ended April 26, 2013

 

52 Weeks Ended April 27, 2012

 

52 Weeks Ended April 29, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold

 

$

504,715 

 

$

578,157 

 

$

452,106 

Selling, general and administrative

 

 

7,949,517 

 

 

8,106,663 

 

 

4,784,081 

Research and development

 

 

3,229,017 

 

 

2,417,417 

 

 

1,128,816 

Total stock-based compensation expense

 

$

11,683,249 

 

$

11,102,237 

 

$

6,365,003 

Income tax benefit related to awards recognized in the consolidated statements of income

 

 

3,810,136 

 

 

3,461,453 

 

 

1,992,308 

Total expense, net of income tax benefit

 

$

7,873,113 

 

$

7,640,784 

 

$

4,372,695 

 

Allocation of Share-Based Compensation Costs by Type of Arrangement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

52 Weeks Ended April 26, 2013

 

52 Weeks Ended April 27, 2012

 

52 Weeks Ended April 29, 2011

Service-based stock option awards

 

$

2,916,855 

 

$

2,639,748 

 

$

2,505,417 

Service-based restricted and restricted stock unit awards

 

 

5,067,292 

 

 

5,290,854 

 

 

3,859,586 

Performance-based restricted stock and restricted stock unit awards

 

 

3,699,102 

 

 

3,171,635 

 

 

Total stock-based compensation expense

 

$

11,683,249 

 

$

11,102,237 

 

$

6,365,003 

 

Schedule of Stock-Based Compensation Cost Unrecognized

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 26, 2013

 

 

 

Unrecognized Compensation Cost

 

Weighted Average remaining Vesting Period (in years)

Service-based stock option awards

   

$

6,550,810 

   

2.72 

Service-based restricted and restricted stock unit awards

 

 

7,786,730 

 

2.18 

Performance-based restricted stock and restricted stock unit awards

 

 

3,866,162 

 

1.46 

Total stock-based compensation cost unrecognized

   

$

18,203,702 

 

 

 

Schedule of Stock Option Valuation Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

52 Weeks Ended April 26, 2013

 

52 Weeks Ended April 27, 2012

 

52 Weeks Ended April 29, 2011

Dividend Yield (1)

 

 

 

Risk-free interest rate - based on grant date (2)

 

0.94% - 1.57%

 

0.73% - 2.23%

 

1.18% - 2.50%

Expected option term - in years per group of employees/consultants (3)

 

6.41 - 9.39

 

4.08 - 6.59

 

4.12 - 6.50

Expected volatility at grant date (4)

 

44.95% - 51.14%

 

47.04% - 59.07%

 

45.14% - 52.54%

 

Schedule of Stock Options Rollforward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

52 Weeks Ended April 26, 2013

Options

 

Number of Optioned Shares

 

Wtd. Avg. Exercise Price

 

Wtd. Avg. Remaining Contractual Term (years)

Aggregate Intrinsic Value (1)

Outstanding — beginning of year

 

1,441,057 

 

$

23.75 

 

 

 

 

Granted

 

238,459 

 

 

43.63 

 

 

 

 

Exercised

 

(501,050)

 

 

23.94 

 

 

 

 

Forfeited

 

(15,772)

 

 

28.52 

 

 

 

 

Expired

 

(1,267)

 

 

36.87 

 

 

 

 

Outstanding — end of year

 

1,161,427 

 

 

27.67 

 

6.24 

$

18,164,690 

Fully vested and exercisable — end of year

 

577,403 

 

 

23.40 

 

4.22 

 

11,433,687 

Fully vested and expected to vest — end of year (2)

 

1,130,897 

 

 

27.45 

 

6.17 

 

17,922,143 

 

Summary of Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

52 Weeks Ended April 26, 2013

 

52 Weeks Ended April 27, 2012

 

52 Weeks Ended April 29, 2011

Weighted average grant date fair value  of stock option awards during the fiscal year

 

$

20.55 

 

$

12.31 

 

$

11.78 

Aggregate intrinsic value of stock option exercises during the fiscal year

 

$

11,475,610 

 

$

5,636,206 

 

$

9,632,100 

 

Schedule of Restricted Stock Service-Based Activity Rollforward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

52 Weeks Ended April 26, 2013

 

 

Number of Shares

 

Wtd. Avg. Grant Date Fair Value

Non-vested shares at the beginning of year

   

639,033 

   

$

20.75 

Granted

 

117,262 

 

 

44.31 

Vested

 

(381,532)

 

 

17.38 

Forfeited

 

(7,029)

 

 

28.18 

Non-vested shares at end of year

   

367,734 

 

$

31.61 

 

Summary of Restricted Stock Service-Based Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

52 Weeks Ended

 

52 Weeks Ended

 

52 Weeks Ended

 

 

April 26,

 

April 27,

 

April 29,

 

 

2013

 

2012

 

2011

Weighted average grant date fair value of service-based share grants issued during the fiscal year

 

$

44.31 

 

$

26.58 

 

$

27.23 

Aggregate fair value of service-based share grants that vested during the year

 

$

15,969,922 

 

$

7,638,546 

 

$

2,978,345 

 

Schedule of Performance-Based and Market-Based Restricted Stock and Restricted Stock Unit Award Activity Rollforward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

52 Weeks Ended April 26, 2013

 

 

Number of Shares

 

Wtd. Avg. Grant Date Fair Value

Non-vested shares at the beginning of year

   

464,125 

   

$

25.36 

Granted

 

8,982 

 

 

50.10 

Vested

 

(76,946)

 

 

27.34 

Forfeited

 

 

 

Non-vested shares at end of year

   

396,161 

 

$

25.54 

 

Summary of Performance-Based and Market-Based Restricted Stock and Restricted Stock Unit Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

52 Weeks Ended

 

52 Weeks Ended

 

52 Weeks Ended

 

 

April 26,

 

April 27,

 

April 29,

 

 

2013

 

2012

 

2011

Weighted average grant date fair value of performance-based share grants issued during the fiscal year

 

$

50.10 

 

$

25.23 

 

$

Aggregate fair value of performance-based share grants that vested during the year

 

$

3,318,681 

 

$

 

$